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Fedcoin Is Not Bitcoin: The Fed’s Plans for Digital Currency
July 8, 2024
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Posted in
Business
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Written by
Andrew Brinkman
Creating a digital currency is on the minds of financial professionals inside the Federal Reserve Bank and out. Making a digital option that permits cash-like exchanges and direct deposits from the government seems like an inevitable good for U.S. citizens. But what kind of control does it offer the government, and does it come with the same level of security as other digital currencies like cryptocurrencies?